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Archive
- 8/28/2026 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Baker Hugh (BKR). During the week, the BKR climbed 0.07 points, or 0.11%, and closed at 62.41 on Friday, August 28, 2026. Weekly volume was -29% below average.
BKR is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BKR long-term trend chart]
A long-term uptrend had started on July 21, 2021 at 19.23 and reached 70.41 on April 27, 2026. BKR gained -51.18 points, or -266.15%, in 248 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (40.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term downtrend had started on April 27, 2026 at 70.41 and reached 52.27 on July 2, 2026. BKR lost 18.14 points, or 25.76%, in 9 weeks. The price is now at the 55.90% retracement level.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 29, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See BKR short-term trend chart]
A short-term uptrend had started on July 2, 2026 at 52.27 and reached 65.44 on August 17, 2026. BKR gained -13.17 points, or -25.20%, in 46 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 59.44 and resistance is at 67.71. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 20, 2026. The distance between MACD and the signal line is low, but getting bigger.
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